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NBC
Jan 22, 2013 5:00am PST
tomorrow that would allow us to raise the debt ceiling. republicans said they didn't want to do that without cutting back spending. the president didn't want the two linked and republicans apparently have relinquished that threat and pushed for the raising the debt ceiling temporarily into the spring to pay bills. they also say if either chamber doesn't come up with a permanent budget, that chamber, either the house or senate, the lawmakers won't get paid. we'll see how that vote goes later today. the president laid out a number of things including climate change, gay rights, health care immigration, and it remains to be seen how much of that they will be able to tackle in the second term. >> he better eat his wheaties. time to get done. thank you very much. >>> happening now, fire crews are battling to contain a fire at beale air force base about 50 miles north of sacramento. the fire has been burning for hours. this is what it looked like just last night. firefighters say they now have the fire about 75% contained. it broke out about 2:30 yesterday afternoon inside a building on th
NBC
Jan 22, 2013 6:00am PST
vote tomorrow on a plan to raise that debt ceiling. republicans hinting they may be ready to back down from the demand that any deal include a deep spending cut to medicare and other programs. >>> niners fans planning their trip to the super bowl in new orleans. if you thiare thinking of joini them, flights will run $1,200 to $2,000 for super bowl weekend. >> those hotel rooms were gone a long time ago. >> thank you for being with us. we'll be back at 7:25 with our first local update during the "today" show where al roker is a star now. >> if you haven't seen it. it's worth another look. al rocker, shining moment during the inauguration getting serious love from joe biden. >> mr. vice president, how are you doing? come on. come on. >> whoa. >> yes! i'm done. >> brilliant. great stuff. beautiful way to send you off. enjoy it. enjoy the sunshine. >>> good morning. day one. the hard work of president obama's second term begins today, after a grand celebration of his second inaugural, where michelle obama's red stole the show. >>> deep freeze, temperatures plunging into the teens, sin
PBS
Jan 21, 2013 6:00pm PST
. the u.s. house will vote wednesday on raising the national debt ceiling. republican leaders announced today the extension lets the government continue borrowing money until may 19. the current debt ceiling-- $16.4 trillion-- could be reached as early as mid-february. the house bill does not specify a new dollar amount. it does mandate that congress approve budgets, or lawmakers won't be paid. major league baseball lost two hall of famers over the weekend. st. louis cardinals great stan musial-- "stan the man"-- died saturday at his home just outside the city. he played 22 years, helping the cards win three world series titles in the 1940's. he was widely regarded as one of game's greatest hitters ever. stan musial was 92 years old. also saturday, former baltimore orioles manager earl weaver passed away, during a caribbean cruise. weaver won the world series in 1970, and took his teams to three others. along the way, he gained fame for his fiery, in-your-face confrontations with umpires. he was ejected from games 91 times over 17 seasons. earl weaver was 82 years old. >> brown: finally
WETA
Jan 22, 2013 6:30pm EST
"stand in the way" of the short-term increase in the debt ceiling that's been proposed by house republicans. the move to extend the nation's borrowing limit for three months is set to come to a vote tomorrow. and that news has reassured markets that the risk is fading that the u.s. will default on its debt for the first time in its history. darren gersh reports. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always
CNN
Jan 22, 2013 6:00am PST
debt ceiling, let's just use that as one example. republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he is using it. part of that speech yesterday talked about taking it to the citizens and having the citizens continue being part of this process and pushing, but you know, with the debt ceiling, i think republicans were actually trying to extend an olive branch and found themselves rebuffed yesterday. if we had said pick the most controversial, divisive issues in the country right now, they are the issues that president obama chose to speak of yesterday. he's got a state of the union coming up in a couple of weeks. i would have expected that that would
CBS
Jan 22, 2013 4:00am PST
the debt ceiling for a period of three months, and the republicans have made a big concession. they had their dance and took a moment to savor the scene. now it's time to get back to work. in his inaugural speech, the president called on both parties not to let politics get in the way of governing. >> we must act knowing that our work will be imperfect. we must act knowing that today's victories will be only partial. >> reporter: so republicans are offering a compromise on the debt ceiling. house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they haven't done in four years -- pass a budget. >> for us to have a debate about spending and debt, we've got to have the
FOX News
Jan 22, 2013 8:00am PST
debt ceiling. tomorrow the republican-controlled house expected to vote on a bill allowing the government to borrow money through may 18th. but they want something in return. chief congressional correspondent mike emanuel live in washington with the details. what is the latest? >> reporter: as part of raising the debt ceiling the house republicans will demand that the senate pass a budget with spending cuts included and will try to force getting it done by april 15th. a short time ago the top senate republican issued this call to action. >> and so it's my hope that the president will finally be willing to do what republicans have been asking him to do since his first inauguration four years ago and that is to work with us on identifying durable solutions to the problems that we can only solve together. to put aside those things we know we can't agree on and focus on what we can agree on. and we should start with spending and debt. because if we don't get a handle on that nothing else matters. >> reporter: bottom line republicans recognize this raising the debt ceiling issue isn
MSNBC
Jan 22, 2013 7:00am PST
course we will have to deal with in less than, well, six weeks. and we should. the debt ceiling, we need that certainty for the markets, for our economy. we know what happened when the republicans played around with not raising the debt ceiling in august of 2011. the economy was deeply hurt. we're in a recovery and we certainly should not let the republicans let us slip back with failing to provide that kind of certainty and not only the american markets but the global markets. >> congresswoman schwartz, thanks so much for coming on the program after a long weekend. appreciate it. >>> carrie, what's the republican strategy here? what happened with this extension? >> well, it's hard to view this as anything but a retreat of sorts. i mean, a few weeks ago, certainly in december, there was a lot of talk about using the debt limit in february to extract more from the president and the fact that they're pushing it back shows that they were not as confident in that position as they would like. they were pretty isolated in terms of the position. the business community was telling them not to do it. high profile conservatives were saying the same. this now sets them up for a pretty clean argu
FOX Business
Jan 21, 2013 10:00pm EST
.. let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i have heard that speech to the point that it makes me think you d't realize while you're in the majority, conservative republicans -- >> thank you. lou: that you don't realize fully that you're in a majority of a house that is only one-third of government. >> oh, listen, i get it, but nothing that raises revenue, nothing that provides money to any part of our government gets there unless the majority in the house pass it. lou: right. >> lou, that's leverage to bring spending under control. we've just finished two years where every fight we came up to, we were told, you know what? this is probably not the be
CNBC
Jan 22, 2013 2:00pm EST
for an answer on some issues, even if it can't get its entire way. debt ceiling as an example, they wanted a year or more on the debt limit, republicans are saying now through mid-may they will suspend the application of the debt ceiling. jay carney saying if that happens, the president will not stand in the way. here's jay. the bill still has to overcome some concerns expressed by members of the house and senate before it can pass both chambers and reach the president's desk. if it does reach the president's desk, he would not stand in the way of the bill becoming law. >> this is the president trying to resolve the jitters of the market over this and the potential threat to the economy. we have to first see whether or not house republicans can pass this proposal. there is some uncertainty about that. one member of congress told me he thought some members on the right might take it down. once that happens, we have to see what happens in the senate. clearly the president is sending a positive signal of encouragement to republicans that this is the kind of compromise i'm looking for. >> john, we were saying this at the top of the show, it's
CBS
Jan 21, 2013 5:30pm PST
dropped their demand for deep spending cuts in exchange for raising thehe debt ceiling-- at least for now. it was partly a recognition that multiple showdowns over the debtcb and spending have hurt the g.o.p.'s standing with voters. a cbs news poll released lastal week found americans trust the president over congressional econ republicans to handle thea republic economy by 15 points.r john thune is a republican senator from south dakota. was this what the republicanrepublican party saying we're going too operate a little differently in a second president obama term?ell, i thi >> well, i think -- i do believe it's a recognition of politicalde reality. the pre we realize the president won the election and i -- so i think to some degree it was a recognition that for us to have a debateav about spending and debt we'vewe got to have the focus be on a and wha budget and what we're going to achieve a balanced budget over time. >> pelley: and that's why thee republicans have attached a caveat to their debt ceiling bill. they want senate democrats to do something they haven't done since 2009: pas
FOX Business
Jan 22, 2013 11:00am EST
this politically? >> they took a baby step with this debt ceiling thing saying you pass a budget. the next step is to say, okay, as part of a program of fiscal responsibility, we have to do something about this going forward. the reality is, republicans do not have much leverage. they lack the courage of their own convictions. they are scared silly because they think they will lose elections that way. dagen: what is the game plan down the road, though? will they just wait until we are on the verge of these programs starting to run out of at least some money and then they will raise taxes on wealthier people to fund them? there has to be a long game plan >> you are talking about these politicians acting like adults and thinking long-term. i do not think there is a long-term game plan when it comes to dealing with entitlements. connell: paul krugman wrote a big piece about that. we do not have to do with it now, just put it off. >> just think about the debate that we are having right now. democrats are saying we need to raise taxes for government spending. it is medicare, social security, military and other things. these will be the largest chunks going forward. we will have to spend more of our money to pay for their status quo. dagen: p
FOX Business
Jan 21, 2013 11:00pm EST
acts together to negotiate better on the debt ceiling and other things. neil: what is the overture on the republican party? saying that they are going to push for a three-month extension? >> sure, what i read in it was from a pr standpoint in saying that gets all is a bad idea and will hurt the economy. and for economy a year and a half ago. republicans are saying that maybe it's a smart move in the sense that they want to say enough of this pr stunt. let's take the falls off the table but let's get to the real essence of spending cuts. the president is going to keep coming back. but it's more revenue. but it's more tax increases. we knew th in the campaign. neil: there is this paraphrase between the rich and the poor that you alluded to. maybe he has not done this. >> i don't think he is done on more tax increases. neil: more deductions? >> deductions anperhaps more rate hikes. this was alluded to during the fiscal cliff talks by various democratic leaders. at one point john boehner and the president talking about $1.2 trillion in revenue increases and ended up with 600 billion in revenue increases. demo
FOX Business
Jan 21, 2013 9:00pm EST
ceiling. this bill comes amid a change and strategy for house republicans who decided not to use the debt ceiling as a bargaining chip in the fight to cut spending the the vote including a provision requiring congress to approve budgets and withholding pay for lawmakers until that happens. urn the legislation, they suspend the debt ceiling through may 18th, and congress raises the by whatever debt was incurred at the time. i don't know how you do that. just expand the ceiling. just not going to pay the credit cards. we don't care. meanwhile, as the dead line approaches, there's a chance the tax refund could be at risk. joining me is the managing direct for wealth health financial planning. rich, great to have you on the show. here's the deal. so congress has enough money to go through february 15th, mid february, about the time everybody starts trying to get the tax refunds. they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt
CBS
Jan 22, 2013 6:00am PST
the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. susan mcginnis, cbs news, washington. >>> today is the 40th anniversary of the supreme court ruling that legalized abortion. in 1973 the roe v. wade decision said a woman has the right to abort a pregnancy setting off a national debate. today a pro choice group will ho
CBS
Jan 22, 2013 5:00am PST
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit vote is either chamber
FOX News
Jan 22, 2013 10:00am PST
the showdown over the debt ceiling. house republicans shifting gears allowing new plans to allow the government to keep borrowing money for several more months preventing a first default on u.s. obligations that could come a week from today. there's a catch. welcome to "america live," i'm in for megyn kelly today. the legislation would require lawmakers to pass a budget and if they don't, they don't get paid. a vote is scheduled for tomorrow and house republicans hope this will prod senate democrats to pass a budget in more than four years. and the president will not block this, but the administration is not thrilled with such a short-term plan. >> we support the idea that the deficit ought not to be a political football that, by becoming that does damage to our economy. so we would clearly, we want to see the debt ceiling sort of removed from the process of the very important debates that we have over what we pay for, how much revenue we bring in, how we get our fiscal house in order in a way that helps the economy grow. >> and chris stirewalt is our politics digital editor and
FOX Business
Jan 22, 2013 6:00pm EST
country and taxes have something to do with it. coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. it's a new day. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. ll your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling;
CBS
Jan 22, 2013 4:30am PST
compromise on the debt ceiling, backing onshore flow a requirement to cut $1 for every dollar raised. >> for us to have a debate about spending and debt we've got to have a he can to us beyond budget and what we're going to do to achieve a balanced budget over time. >> a great opportunity for us. in our budget that we will pass, we will have tax reform which many of my republican colleagues like but it's going to include revenues. >> the house is expected to approve the debt limit increase tomorrow. >>> the super bowl will be in new orleans, but police are getting ready for potential problems in san francisco. they arrested a dozen people in the mission district sunday as fans celebrated the 49'ers win in atlanta. most of them were for public intoxication. there were arrests for dui, assault and an outstanding warrant, no reports of vandalism. >>> not to get ahead, but why not? it's worth noting more than a dozen cities had multiple sports championships in a single year. but since super bowl era, only four. baltimore did it in 1970. pittsburgh in 1979. new york, the giants and mets w
MSNBC
Jan 22, 2013 1:00pm PST
negotiate with debt ceiling, and if the republicans insist on doing it, he is going to go to their constituents, the american people. i have never felt better. >> the president also said on monday, and i'm quoting him, we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky or happiness for the few. why on earth can't paul ryan, speaker boehner, and the rest of them agree with that statement? what is wrong with that encompassing the people of this country rather than dismissing so many people as takers? why can't they agree with those statements of the president? >> because they agree with the statements by mitt romney, that half of the country are takers, half of them are people that don't contribute to society, half of them don't deserve the benefits that they're entitled to, and that 1% of this country are the people that provide the jobs, provide everything, and they are the richest people in the world, and they didn't make
CNBC
Jan 22, 2013 4:00pm EST
. >>> all right. they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to take up a bill tomorrow afternoon to extend the debt ceiling, not just to april 15, but to may 18. they are going to do it with a mechanism that would allow them in effect to suspend the debt ceiling, not even to raise it making it easier for conservatives to vote for it and senate democrats say they plan to take up that proposal and expect to pass it by an overwhelming margin sometime within the next week or so. now, jay carney at the white house today for his part said we wouldn't a longer term extension than that but the president is not going to block this if it clears the congress. here's jay carney. >> the bill still h
CNBC
Jan 22, 2013 1:00pm EST
up their fight to tie the debt ceiling to spending cuts. will that make a deal easier? what does it mean for your taxes? one influential congressman will join us and give us answers. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> another difficult day for boeing shareholders. shares are still under pressure. it's becoming clear the quick fix that boeing had been hoping for over its 787 dreamliner problems is becoming much less likely. fill lebeau has the latest on this. not a good situation at all for boeing. >> it's tricky. they still don'tfor the two inc. they have to peel back the onion further. i have had people saying what are they doing at boeing? are they working with the ntsb? a lot of it is centered around the everett factory, where the dreamliner is built they are out there doing tests, working in teams. i'm told it's hundreds of employees working on this 787 problem. they're not in one central location, but spread out throughout the boeing facility. boeing is tapping a number o
FOX Business
Jan 22, 2013 4:00pm EST
is the capitol. we have the latest as the house prepares for a vote on the debt ceiling. david: congress heading back to work today following the president's inauguration speech yesterday which a lot of the members of the republican party saw as a poke in the eye to them. >> the first order of business for congress, the looming debt ceiling. rich edson live on capitol hill. hi, rich. >> hey, lauren, we'll get that vote tomorrow in the house to extend the debt ceiling to the middle of may. when it comes to a longer term debt solution, longer-term debt ceiling solution and when it comes to taxes and spending the parties are far apart as they always been a day of a the president's inauguration and one which both parties have a very different take on the president's address. >> people can criticize president obama about a lot of things but not his ability to communicate and i think he communicated to the american people a message of hope, a message of action, and i liked it very much. i, we should move past the name-calling phase. >> one thing was pretty clear from the president's speech yesterday. the era of liberal system back and unabashedly far left of center inauguration speech. certainly brings back memories of the d
FOX News
Jan 22, 2013 1:00pm PST
on the debt ceiling limit for another few months, pushing it back to may 19. the report on this possibility yesterday in washington for the inauguration, this this might be a face-saving gesture on the part of republicans to gather their duffs and buy some time with a president who at least for the time being is more popular than they. what do you make of the timing of this vote? -- and what they will gain? >> i think the republicans were concerned about public perception of them not doing anything and i think it's a bad idea. i mean, i think this kicks the can down the road. move people say, we want a solution today. we don't want to keep having this conversation. every couple of months, we talk about the debt ceiling, what good is a ceiling if you keep raising it and you don't make spending cuts to keep yourself under that number? it has no purpose. >> neil: i want to take a look at the corner of wall and broad. many argue the reason why it was up 62 points is the fact that, whew -- it's a relief they won't bring this to the brink. i would think cooler heads, wruns they prevail, they may not like -- democrats and republicans -- essentially, punted on this. and they just delayed making the tough choices.
MSNBC
Jan 21, 2013 7:00pm PST
things, his doors open. they're going to raise the debt ceiling. he understands that the brinksmanship that the republicans were able to bring last time, just doesn't exist. this guy is popular with the american people. he is a likeable guy, a great family. a few more weeks of this honeymoon before the sharks start to come back into the water but hopefully he will truly take advantage of it. >> joy reid, and richard wolffe, thank you for joining us on this historic night. and america's troubadeer in chief, james taylor gets tonight's last word. ♪ oh beautiful, for spacious skies, for amber
FOX Business
Jan 22, 2013 1:00pm EST
vote on the republican debt ceiling proposal tomorrow. that delays the debt ceiling increase or increases the debt ceiling really until may 19th. it is contingent upon both houses of congress passing a budget or members of congress won't receive their paychecks, something the house votes on tomorrow. back to you. ashley: rich edson in d.c.. rich, thanks very much. tracy: well, president obama touched on many subjects in his inaugural address yesterday including immigration reforms, equal pay for women, and gay rights and climate change but there was one big, glaring omission. he failed to address the nation's current 7.8% unemployment rate. i'm not really sure how you could miss that actually. a big question to the speechwriters with that one. but important milestones coming up in the protracted fiscal negotiations including big vote tomorrow on the house to temporarily extend the debt ceiling now. many americans are wondering what legislators plan to do about jobs. joining us from both sides of the aisle, republican congressman trey gowdy from south carolina and democratic cong
FOX News
Jan 21, 2013 10:00pm PST
when it comes to a question of the debt ceiling in recognition of all of this economic-- all of these decisions have an impact on small businesses and the fact that we have gridlock in d.c.? do you want to see them work more with the president and try to get a solution as to maybe, the little less extreme than what the president wants or do you want them to dig their heels in the ground and fight it tooth and nail? >> and the principals, they have to understand they only control one third of the government and they have to work with the president to come to a resolution, and the first thing i'd like to see the senate pass a budget. senate hasn't passed a budget in over four years at this point. i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to
MSNBC
Jan 22, 2013 9:00am PST
republicans have at least begun to back off on the debt ceiling fight. you note that sandy aid passed even though it only got 46 republican votes in the house. it seems to me this strategy of laying out what you want and then negotiating is better than trying to figure out what the other side wants. >> chairman steel, there's been some discussion as to whether this was even, many of the, that progressive of a speech, but the reaction from conservative outlets -- >> oh, baby, it was. >> i have been waiting for the real barack obama to show up, and i don't mean that as a criticism. i mean that honestly. knowing him as i have come to know him over the years, going back to when he first came to washington as a senator, that's the guy that i as chairman was prepared to do battle against and framed my chairmanship and even wrote a book about how to defeat this agenda, this very progressive agenda for conservatives to wake up coming out of the slumps of 2006 and 2008. >> can i say one thing, though, and ezra, i would like to get your thoughts on this. i thought it was a progressive vision for the country. at the same time with the exc
CSPAN
Jan 22, 2013 1:00pm EST
, the wayner rule would not apply any longer, dollar for dollar cuts for raising the debt ceiling. those are a couple of things that have guided republicans in the last two years or the last decade and that raises some real flags for me. but i think it's not republicans that are looking for relevance. i think it's washington as a whole looking for relevance. we're running trillion dollar deficits. for what will be the fifth straight year. and the reality is s&p as downgrade us. moody's and finch's have sent downgrade possibilities, sent the notice and we're still acting as if it's 1995 or 2000 where we aren't running trillion-dollar deficits. but i hope it's not the case but if in the meantime with all these games, around the messaging, trying to figure out sequencing, if moody's follows through with their threat and says america is not worthy of triple-a credit rating, that's a serious reality. the political reality and then you have the economic reality. i don't think we have 10 years to actually somehow find a path to balance. i think we need to move more quickly. but originally we were asked the question, is there a 10-year balanced budg
FOX
Jan 22, 2013 6:00am PST
the debt ceiling. coming up, we will have a live report from our washington d.c. newsroom with not so hidden agenda. >>> tara moriarty tells us about the four victims shot at and they are all teens. >> reporter: ever since we were here, neighbors stopped by to ask us if we have more information because quite frankly they are shocked as the teens were standing here and somebody drove bias -- drove by and shot at them. you can see the bullet holes. this all happened at 6:00 in grandville and the driveby shooting left four young people ranging in age 13 to 16 and luckily they are all expected to survive. they were struck by bullets by three or four males ins side. two middle school boys were here and we don't know if they were in deed the victims. >> i have seen them playing soccer and i have never had any problems with that family. >> so you really are surprised. >> yes, it is very surprising, very scary. >> right now detectives say they have no motive and they are not saying if the shooting is related. we will keep checking in with them all morning long and keep you posted. ktvu channe
CSPAN
Jan 22, 2013 10:00am EST
the debt ceiling. they will consume congress because republicans and democrats do not agree on how to resolve them. he is going to leave the president tied up. you have to do with these things. immigration and gun control and gay marriage our wish list items. immigration is a big issue. that will be very hard to move something that is progressive or liberal with a divided congress. we all know that an assault weapon ban will not get to the house. it is possible they will get from checks. it may be scaled back urgent of what the president talked about yesterday. in full-scale he will not he able get an assault weapons ban through. that probably will not happen. the spending issues, he will have to deal with. choices will be made. host: we want to get you involved. you can send us a tweet. in the immediate term tomorrow, house republicans have decided what's on the debt ceiling? guest: the debt ceiling is set to expire $6.4 trillion. we need to raise the nation's are one limits. republicans do not like that idea without having spending cuts. they have come up with a plan to extend it
FOX Business
Jan 22, 2013 12:00am EST
fiscal cliff where the edge of the debt ceiling. that is part of it. the democrats feel they have the political advantage. i thinkwhat we saw today was the president giving and not to republicans say we have to do something to rein in the deficit but quickly coming back and saying, we are not plan to undermine such as security, medicare, medicaid. politically he is in an advantageous posture with regard to the major entitlement programs. melissa: that all sounds true. the problem is the origin of all of this debt are those entitlement programs. if we don't get them under control we are looking at the national debt when the president took office. it is now 16. that is the 60 percent increase over that time frame. i mean, without tackling those entitlements, i don't know how you get that crazy balloon under control. >> in the president's continues to have an interest in spending, taxing, and that think the reason they have the momentum is that the gop for all intents and purposes has given up the moral high ground. the biggest momentum that the republicans had was for the tea party. cutting spending was seen as patriotic. under this president cutting spending is seen as obstructioni
CSPAN
Jan 22, 2013 7:00am EST
government. we have the debt ceiling. these three major things are going to consume congress because republicans and democrats don't agree how to resolve those. he will become tied up dealing with this and it has to be done. we have to deal with these things. immigration and gun-control, these are things, like a marriage, almost wish list items. i know immigration is a big item appeared that will also be hard to move something that is progressive or liberal with a divided congress, as is gun- control. we all know and assault weapons ban cannot get through the house. it's not going to get through. it is possible they will get background checks. maybe it very scaled-back versions of what the president was talking about yesterday. but in a full-scale, you will not able to get assault weapons ban through. he will not able to get immigration through in the way progressives would like. so that probably will not happen. but the spending will have to be dealt with. sources will be made, in that sense. host: we're talking about president obama's second term. we want to get all of you involved. all others, 20
CNN
Jan 22, 2013 1:00pm PST
perspective of republicans, but that's how he hopes to get conservatives to agree to raise the debt ceiling temporarily. >> he's got his own problems, as well as speaker. not an easy job. we'll stand by to hear what he says. dana, thank. so what exactly did the president say that raised so much republican ire? kate balduan is here. she's got more on this part of the story. >> yeah, wolf, as you and i know, he used some pretty broad strokes in his inaugural speech to paint a blueprint on major issues he hopes to focus on facing the country. all controversial in trying to get republicans on board. cnn's chief white house correspondent, jessica yellin, is here with more details. jessica, what's the latest on the president's second-term agenda. >> reporter: hi, kate. clearly the glow of inauguration is beginning to wear off, based on dana's report. we know that the battle over debt and spending is going to heat up in no time at all, so the president does not have much time of his own to press the second term agenda items he wants to pursue. high spirits. ♪ i'm so in love with you >> reporter: high fashion, and a high bar from the president, who outlined a long list of second term goals. >> the threat of climate change. the size of our deficit. revamp our tax code. our gay brothers and sister
CNBC
Jan 22, 2013 4:00am EST
ceiling, what issues put a stake in the ground going forward? what do you expect on that front? >> i expect the republicans to fulfill the constitutional duty of the house of representatives, which is where the money stuff originates. so tax bills, spending bills, they will pass a budget. they will expect the senate to pass a budget. i will look to the republicans to hold the line on spending. even if the other body doesn't and the president doesn't want to. it certainly seems to be what the an lives and the markets want. >> house republican leaders have set a vote for tomorrow to extend the debt ceiling deadline until may 19th. the u.s. treasury has been taking steps in the meantime to keep the country from defaulting until late february or early ma. this gop figure would let the government borrow what's needed to meet its obligations for that purpo purpose. mary joe, which one do you expect europe to focus its energy on. >> i think the likelihood of a shutdown is less standard than it would have been ten days ago. but i would look at a three-stage process here. the first is tomorrow to deal with the debt ce
CSPAN
Jan 22, 2013 5:00pm EST
debt ceiling as leverage rather than holding it hostage. and yet the republican congress is still in turmoil over whether this is the right thing to do. i was fascinated by mrs. miller's comments regarding the escrow and whether or not interest would be undertaken. i was looking at the 401k maneuver for $150 billion taken out of the 401k plan of congress and the federal employees. and the first thing that came to my mind is, if you are going to take $150 billion out and i don't have many money over there, but you don't get interest. it ain't but a nickel, but a penny and somehow or another that seems to be a problem here as well. but being out of sight doesn't mean being out of mind. and the republicans can't will away our national responsibilities just because it conflicts with the ideology of your more extreme members. i imagine come may, my friends on the other side will find another loophole that allows them to pay off the debt ceiling for another three months. we emerge from almost crisis to almost crisis through the next year while at the same time you notorious on the other si
FOX News
Jan 22, 2013 2:00pm PST
congressional action on the debt ceiling. tonight on "special report" we are one day away from a vote on a house republican bill to increase the country's bar rowing limit for four months. one of the strings attached is a sus specific of lawmakers' pay if they do not approve a budget by april 15. the politics and the policy here. the white house is not giving te tails on how president obama plans to fulfill the promises he made in the inaugust ration speech monday. but he will get an opportunity to rule on the controversial keystone xl oil pipeline. the governor of nebraska approved the new proposed route. this is the 40th anniversary of the roe v. wade decision that legalized abortion. we will get a status report on the four-decade long battle. plus a preview of secretary clinton's testimony on benghazi tomorrow and where the survivors of the terrorist attack. "special report" from washington starts at 6:00 eastern. now back to my colleagues at "the five." ♪ ♪ >> dana: most of us know him as prince harry. in the military and at greg's house they call him captain wham. third in line for the british throne r
FOX News
Jan 22, 2013 12:00am PST
. think again, the house will vote for a three-month ceiling on the debt seen and comes with a price. g.o.p. leaders said they would vote for the extension, but that the measure would also require the democratic controlled senate to pass a budget and if ne do ththey fail that, pay for lawmakers will be withheld. and we've got to look at the house and spending problem. no budget, no pay. joining me now with reaction. congressman david schweiker and walldon. i was skeptical when i heard the republicans are giving in already. i had a couple of discussions this weekend, and some of your colleagues, explain the rational. number within, they say sequestration that's cuts are going into effect and force the president and senate to come one a budget and the senate didn't pass a budget in three and a half years. i liked it more when it was explained to me. is that about right. >> i think it is, sean and about time the senate did the legal responsibility of passing the budget we passed one each the last two years we'ven been in the majority. the ryan plan laid out how to deal with our biggest
CNBC
Jan 22, 2013 9:00am EST
days ago when republicans blinked on the debt ceiling increase. but there is no guarantee that they're going to extend similar cooperation on other parts of the agenda. we have to see whether or not partisan warfare actually escalates later in the year or whether we have turned a corner and the president has found a different way of dealing with republicans that's more effective. >> fascinating weekend, john. i think we have some live pictures this morning of the president going to the national prayer breakfast in washington. the president and the first lady at the national cathedral. i think in the motorcade also spotted valerie jarrett, jack lew and some others as well. thanks, john. >>> meanwhile, what's coming up tonight on "fast?" >> we'll talk about the natural gas and how it can be converted to other things. and there will be the first nat gas to diesel plant and what that can mean in future. >> you're fired up into. a lot of news. >> i am. >> have a good day. >>> in the meantime, here's what you missed earlier on this morning. >> welcome to hour three of "squawk on the
FOX
Jan 22, 2013 7:00am PST
tomorrow. the debt ceiling is currently set at $16.4 trillion and the treasury department says we could hit that in just three weeks. house republican leadership proposes extending the debt limit through mid-may to avoid missing any payments. so far, several senate democrats and the white house approve that plan but it's another short-term fix. california congressman mike honda does not want congress in charge of setting the debt limit. they just introduced a bill that could -- that would allow the treasury to pay off the debts unless there's something introduced to stop it. >> i think we should have a progress that addresses that so it doesn't become a barrier or a political football. >> reporter: the country has never defaulted on payments but even debating the debt ceiling could have a negative impact on the economy. kyla campbell, ktvu channel 2 news. >>> let's get you updated on some of the top stories we're following right now. flights from san jose to tokyo are canceled again today after airlines were forced to ground hundreds of 787 dream liners due to safety concerns. airport officials say the wait will be until at least next tuesday.
CW
Jan 22, 2013 12:00pm CST
months. the current debt ceiling is 16 - point -four trillion dollars. that's how much the government is authorized to borrow. the treasury department expects to exhaust that authority sometime between mid-february and early march. house republican leaders want to suspend the debt limit through may 19th and focus on other fiscal issues. including the automatic spending cuts due to go into effect on march first. investigators from the national transportation safety boaqrd will conduct more tests today to determine what caused the problems that led to the grounding of boeing's 7-8-7 dreamline planes. the planes were grounded last week after two incidents involving batteries aboard the airliners. including a fire in an empty japan airlines 7-8-7 in boston. u-s-a today reports the n-t-s-b investigators will be looking at the battery charger and other electronics in an attempt to find out what went wrong. today is the 40th anniversary of "roe-v-wade". the landmark supreme court ruling establishing a woman's right to an abortion. the decision prompted a nation- wide debate. which continues today. anti-abortion advocates have turned their focus from over- turning roe-v-wade to pursuing new laws. those include restrictions on chemically induced
CNBC
Jan 22, 2013 6:00am EST
kullman will join us first on cnbc. >>> house republicans seeking to extend the debt ceiling and fight another day. >> better luck next time. oh, sure you can't win them all, you know. >> if the bill passes march 1st becomes the new deadline to watch. that's when drastic spending cuts are set to kick in automatically, unless a debt agreement is reached. we'll ask the ceo of cowan and company if the delay would help or hurt the market? the third hour of "squawk box" begins right now. >> welcome back to "squawk box" here on cnbc first in business worldwide. i'm joe kernen along with becky quick. andrew ross sorkin is on assignment in, i think it's davos. isn't it? >> davos is how they say it. we say davos. >> they say davos? oh, never mind. he's in davos. he will join us tomorrow with the latest from the world economic forum when becky goes over there she gets stockholm syndrome so badly. >> that's why you won't let me go anymore. >> and sorkin is already basically a socialist, so being over in europe, he's going to end up, who knows, maybe he will actually be, could it be -- influ
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